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Hi - Yes I am stake building here too, very diverse and low riskmway to invest in the bio sector and as you say circa 30% discount already but I see big growth from a few of the other companies too in the coming months. Thanks.
That's like saying a company drilling for gas isn't an oilie!! Only miners for me are FRX and TYM
Hi - I am right in thinking that in 1 years time we get the option to take cash at NAV value OR join the Magna fund with NAV value of these shares? If I don't sell these shares will they be exchanged for the same value of magna fund shares? Thanks in advance
Glad to be part of them via here, what do people think the chance of long term sustained rises are? This wads balanced portfolio but with the big PLE rise it must now be circa 30%+of our portfolio!
I think the Magna fund with Mr Mellon as advisor will be great for PEBI and the chance to get cash NAV value in 1 year is great - it's a yes for me. Hope other holders have used there vote for the 11th Nov.
Hi - been watching this since 90p and it just seems to rise everyday put off buying as I thought I may get spiked ! Been watching PEBI for a top up and looks to have bounced although the spread is wide.
Clearly quite a few people having been selling recently maybe due to the potential change regarding the Magna fund and time till next NAV update but I continue to hold long term.
Me too, I have a few 'dogs' which are going soon for here.
Sorry you missed my point there is NO mention of a placing anywhere. I made a personal point that a placing to invest with this companies record would actually be good. The Magna move is all good IMO.
I think people have missed the point with the RNS and can't see what a great opportunity this is, I will be adding regularly. Also there is much more to this than PLE, SUUM etc, this is one share where a placing would be great news so the company could back more winners
Thanks looks and sounds good to me, people don't like change hence the drop but the NAV figure which may one day be retained in cash (?) it still 17/18p with shares on the up Big thanks for the info
Need help on PEBI please?
Oldstockbroker?
Hi CP22 or anyone else in here, Am I right in thinking that if this is agreed we will get the option of cash at NAV value so in effect our shares being sold at market value or our proportion of shares going in the Magna fund? The RNS said we will continue to list on AIM how would that work? Also with PLE rising and us falling either I'm going mad or this is very cheap?
Market waking up
You could actually argue a fund with Jim Mellon as Chairman and advisor should be a slight premium to NAV due to future upside from expert stock selection (much better than an average Joe could pick). The transfer is good news to me as if Mr Mellon thinks it will increase value who are we to argue? Have you checked his net worth and investment track record? I for one will be selling some other shares again to back this great fund again in the morning.
http://www.iii.co.uk/investment/detail?code=cotn:PEBI.L&display=news&it=le
Check iii
Buys coming in now, I cannot believe people sold because they saw a June NAV figure in a year to end June report, yes our NAV was 10p then but now its 17/18p ! I even sold some of my favourite share IMM to top up today.
Good move IMO, check over RNS to see the great investments in here + if/when PLE 'booms' this fund will too.